Confidentiality Agreement

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Chili’s

521 East Nolana Ave, McAllen, TX, 78504
For Sale

Property Details

  • Price: $4,060,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 1.45 AC
  • Lease Type: Absolute NNN
  • Year Built: 2001
  • Parking: 123
  • Tenancy: Single Tenant
  • Available SF: 5,842 SF

Property Description

SECURE INCOME STREAM

  • 15-Year Absolute NNN Lease with Over 10 Years Remaining, No Landlord Responsibilities
  • Rare 1.5% Annual Increases, 20+ Year Operating History at this Location
  • Corporate Guaranteed Lease from Brinker International, Inc. (NYSE: EAT)
  • $3.34 Billion in Revenue (2021), an 8.4% Year Over Year Growth
  • Brinker’s 2022 Revenue of $3.8B is a 12.97% Increase Over 2021
  • #2 Ranked Chili’s Nationwide, #1 Ranked Chili’s in Texas (Placer.ai)
  • 477.7K Visitors in 2022 (Placer. ai)

PROXIMITY

  • 264,630 Residents in Primary Trade Area
  • Excellent Access and Visibility to 30,722 Cards/Day Along Major Retail Corridor
  • $92,643 Average Household Income in a 1-Mile Radius
  • High-Growth Market, Population Increased 14% Since 2010
  • 315,279 Day Population, Boosted by Daily Cross Border Traffic from Mexico (5 Miles)
  • Minutes to South Texas College – Pecan Campus (28,184 Students / 2,654 Employees) and University of Texas Rio Grade Valley (29,000 Students /4,887 Employees)
  • Surrounded by Several K-12 Schools with 21,602 Combined Students
  • Hidalgo County is the 8th Largest County in Texas with 800,000 Residents
  • McAllen is Designated as a Foreign Trade Zone, Established as Major Hub for International Trade and Distribution
    South Texas Accounts for $84.8B of State’s GDP (2020)

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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